Stock Market

Description

Page 1 of 3 The Masters Programme Study Session: May 2019 – July 2019 Module: MN7561 Foundations of Financial Analysis and Investment Assignment Question Describe the importance of well-developed and liquid stock market to companies, corporate managers, investors and the economy in general. In doing so, make sure you examine both the benefits and the potential problems arising from stock market development. Further Guidance You will need to consult academic literature in order to answer this question competently. A good starting point for your reading and fact-finding when preparing your assignment are the following: Bhide, A., (1993). The hidden costs of stock market liquidity. Journal of Financial Economics, 34(1), pp.31-51. (Available from Science Direct database in our electronic library) Demirgüç-Kunt, A. and Levine, R., (1996). Stock markets, corporate finance, and economic growth: An overview. The World Bank Economic Review, 10(2), pp.223-239. (Available from JSTOR database in our electronic library) Levine, R. and Zervos, S., (1996). Stock market development and long-run growth. The World Bank Economic Review, 10(2), pp.323-339. (Available from JSTOR database in our electronic library) Levine, R. and Zervos, S., (1998). Stock markets, banks, and economic growth. American Economic Review, 88(3), pp.537-558. (Available from JSTOR database in our electronic library) Mobius, M., (2006). Equities: An introduction to the core concepts. Chichester: Wiley, 2006. (Chapter 1: The equity concept: Why shares exist?). (Reading 6 in your reading study book) Please note that the list provided above is neither comprehensive, nor exhaustive. Additional materials can be found via our electronic library. Accessible journal databases include JSTOR, EBSCO – Business Source Premier, and Science Direct. Page 2 of 3 In addition to the guidance in the Programme Handbook, the following points may also help you produce a good piece of work: • You must address the question asked. ‘Not answering the question’ will result in a significant loss of marks. • Your essay must be properly referenced: – only sources cited in the text of your answer should be included in the bibliography; – all sources (including those for any numeric examples used) should be acknowledged; – there should be no references in your answer to sources which are not in your bibliography BUT if you have not consulted the reference directly yourself you should indicate in the text of your answer the secondary source from which it comes. It is this secondary source which should be in your bibliography. • While infrequent selective quoting within quotation marks is acceptable, listing a reference in the bibliography does not make it acceptable to copy large sections of a book or article into your answer. You must aim to summarise more extensive points in your own words.